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Canadian panel calls for universal public prescription drug coverage [Reuters]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
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Company Research Source: Reuters
Canadian panel calls for universal public prescription drug coverage - Reuters 4 Min Read OTTAWA/TORONTO (Reuters) - A Canadian advisory council studying prescription drug coverage said on Wednesday the federal government should create a C$15.3 billion ($11.5 billion) universal, single-payer public pharmacare system, and warned that the current framework requires significant reforms. The council said the system should be implemented no later than Jan. 1, 2027, and a national drug agency should be created first, with coverage for essential medicines in place by Jan. 1, 2022. Canada is the only country with a universal health care system that does not include universal coverage for prescription drugs. Most prescriptions are paid for through employer-funded drug plans, while some are covered by government programs for the elderly, or people with low incomes or very high costs. “We can’t tinker with what exists. We have to transform it,” council chair Eric Hoskins, a former Ontario health Show less Read more
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